Alfa de CV : Sigma Alimentos issues bonds for 600 million Euros in the European Market
February 02, 2017 at 02:24 pm EST
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Monterrey, Mexico. February 2, 2017. - ALFA, S.A.B. de C.V. (ALFA), announced today that its subsidiary Sigma Alimentos, S.A. de C.V. ('Sigma'), issued a 144ª, Regulation S bond in the European market, for a total amount of 600 million Euros. The security has a 2.625% coupon and a maturity of seven years.
Commenting on the transaction, Álvaro Fernández Garza, President of ALFA, said: 'This marks Sigma´s first bond in Europe and it demonstrates the confidence investors have in the company's performance and growth strategy.'
Mario Paez, Sigma's President, added: 'We are very excited about the response the issue had among institutional investors, achieving the lowest coupon ever for Sigma. This transaction strengthens our financial condition by reducing cost and extending debt maturity.'
The proceeds from this operation will be used to refinance debt in Sigma. After the transaction, average life maturity of Sigma's debt will be extended from 5.9 years to 7.1 years.
About SIGMA
Sigma is a leading multinational company in the refrigerated food industry, focused on the production, marketing and distribution of quality branded foods, including packaged meats, cheese, yogurt and other refrigerated and frozen foods. Sigma has a diversified portfolio of leading brands and operates 66 plants in 17 countries across its four key regions: Mexico, Europe, the United States, and Latam. In 2015 Sigma reported sales of U.S. $5.9 billion and EBITDA of U.S. $869 million. Sigma employs more than 41,000 people.
About ALFA
ALFA is a company that manages a portfolio of diversified subsidiaries: Sigma, an important producer, marketer and distributor of foods through recognized brands in Mexico, the United States, Europe and Latin America; Alpek, one of the world's largest producers of polyester (PTA, PET and fibers), which also leads the Mexican market in polypropylene, expandable polystyrene (EPS) and caprolactam; Nemak, a leading provider of innovative lightweighting solutions for the automotive industry, specializing in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of Information Technology and Communication services for the enterprise, government and residential markets, through its Alestra and Axtel brands; and, Newpek, a company in the hydrocarbons industry in Mexico and the United States. In 2015, ALFA reported revenues of Ps. 258,300 million (U.S. $16.3 billion), and EBITDA of Ps. 38,440 million (U.S. $2.4 billion). ALFA's shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.
Alfa SAB de CV published this content on 02 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 February 2017 19:24:01 UTC.
Original documenthttp://www.alfa.com.mx/SP/press.htm?md=febrero2&y=2017
Public permalinkhttp://www.publicnow.com/view/32748DCCEA2B63E75ABEF477BDCD8E4A6EF04AC0
Alfa SAB de CV is a Mexico-based holding company, which manages a portfolio of diversified subsidiaries. Its portfolio includes Sigma, a producer, marketer and distributor of foods under a number of brands in Mexico, the United States, Europe and Latin America; Alpek, a producer of polyester, namely purified terephthalic acid (PTA), polyethylene terephthalate (PET) and fibers, and offers to the Mexican market expandable polystyrene (EPS) and caprolactam, among others; Nemak, a provider of lightweighting solutions for automotive industry and specialized in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of information technology and communication services for enterprises, government and residential markets through its Alestra and Axtel brands, and Newpek, which is an oil and gas exploration and production company with operations in Mexico and the United States.
ALFA S.A.B. DE C.V. 
